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'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 15: Nepal Rastra Bank (NRB) has issued a fresh directive to the bank and financial institutions (BFIs) by amending the Integrated Directive, 2077 BS to address the liquidity crunch faced by the financial institutions. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The central bank said that the directive issued on October 20 was further revised and made systematic in regard to the interest rate. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Prior to this, the BFIs were allowed to change the interest rate by a maximum of 10 per cent on the basis of the interest rate of the particular bank released in the previous month. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">As per the recent update, the BFIs can increase or decrease the interest rate by a maximum of 10 per cent in average (except for call deposit) by calculating the average and minimum interest rate of the entire category of the bank released in the previous month. </span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">As per the new provision, Class A banks must fix the interest rate on the basis of the average interest rate of other Class A banks. </span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">For instance, if the average interest rate of 'A' category banks in the previous month was 9 percent, they can charge a maximum interest rate of 9.9 percent with an increment of 10 percent. The new provision is applicable for both the minimum and maximum interest rates.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">If the spread rate is more than the given cap, the other rates should be adjusted by making a basis either to the maximum and minimum interest rate. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the NRB has scrapped the provision for BFIs to increase interest rate up to 0.5 percentage points for the deposits except for call deposit and institutional fixed deposit. </span></span></span><br />
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'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 15: Nepal Rastra Bank (NRB) has issued a fresh directive to the bank and financial institutions (BFIs) by amending the Integrated Directive, 2077 BS to address the liquidity crunch faced by the financial institutions. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The central bank said that the directive issued on October 20 was further revised and made systematic in regard to the interest rate. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Prior to this, the BFIs were allowed to change the interest rate by a maximum of 10 per cent on the basis of the interest rate of the particular bank released in the previous month. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">As per the recent update, the BFIs can increase or decrease the interest rate by a maximum of 10 per cent in average (except for call deposit) by calculating the average and minimum interest rate of the entire category of the bank released in the previous month. </span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">As per the new provision, Class A banks must fix the interest rate on the basis of the average interest rate of other Class A banks. </span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">For instance, if the average interest rate of 'A' category banks in the previous month was 9 percent, they can charge a maximum interest rate of 9.9 percent with an increment of 10 percent. The new provision is applicable for both the minimum and maximum interest rates.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">If the spread rate is more than the given cap, the other rates should be adjusted by making a basis either to the maximum and minimum interest rate. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the NRB has scrapped the provision for BFIs to increase interest rate up to 0.5 percentage points for the deposits except for call deposit and institutional fixed deposit. </span></span></span><br />
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Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 115]
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'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 15: Nepal Rastra Bank (NRB) has issued a fresh directive to the bank and financial institutions (BFIs) by amending the Integrated Directive, 2077 BS to address the liquidity crunch faced by the financial institutions. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The central bank said that the directive issued on October 20 was further revised and made systematic in regard to the interest rate. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Prior to this, the BFIs were allowed to change the interest rate by a maximum of 10 per cent on the basis of the interest rate of the particular bank released in the previous month. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">As per the recent update, the BFIs can increase or decrease the interest rate by a maximum of 10 per cent in average (except for call deposit) by calculating the average and minimum interest rate of the entire category of the bank released in the previous month. </span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">As per the new provision, Class A banks must fix the interest rate on the basis of the average interest rate of other Class A banks. </span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">For instance, if the average interest rate of 'A' category banks in the previous month was 9 percent, they can charge a maximum interest rate of 9.9 percent with an increment of 10 percent. The new provision is applicable for both the minimum and maximum interest rates.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">If the spread rate is more than the given cap, the other rates should be adjusted by making a basis either to the maximum and minimum interest rate. </span><br />
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<span style="font-family:"Arial Unicode MS","sans-serif"">The central bank said that the directive issued on October 20 was further revised and made systematic in regard to the interest rate. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Prior to this, the BFIs were allowed to change the interest rate by a maximum of 10 per cent on the basis of the interest rate of the particular bank released in the previous month. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">As per the recent update, the BFIs can increase or decrease the interest rate by a maximum of 10 per cent in average (except for call deposit) by calculating the average and minimum interest rate of the entire category of the bank released in the previous month. </span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">As per the new provision, Class A banks must fix the interest rate on the basis of the average interest rate of other Class A banks. </span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">For instance, if the average interest rate of 'A' category banks in the previous month was 9 percent, they can charge a maximum interest rate of 9.9 percent with an increment of 10 percent. The new provision is applicable for both the minimum and maximum interest rates.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">If the spread rate is more than the given cap, the other rates should be adjusted by making a basis either to the maximum and minimum interest rate. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the NRB has scrapped the provision for BFIs to increase interest rate up to 0.5 percentage points for the deposits except for call deposit and institutional fixed deposit. </span></span></span><br />
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include - APP/View/Articles/view.ctp, line 115
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
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Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 116]
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<span style="font-family:"Arial Unicode MS","sans-serif"">The central bank said that the directive issued on October 20 was further revised and made systematic in regard to the interest rate. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Prior to this, the BFIs were allowed to change the interest rate by a maximum of 10 per cent on the basis of the interest rate of the particular bank released in the previous month. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">As per the recent update, the BFIs can increase or decrease the interest rate by a maximum of 10 per cent in average (except for call deposit) by calculating the average and minimum interest rate of the entire category of the bank released in the previous month. </span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">As per the new provision, Class A banks must fix the interest rate on the basis of the average interest rate of other Class A banks. </span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">For instance, if the average interest rate of 'A' category banks in the previous month was 9 percent, they can charge a maximum interest rate of 9.9 percent with an increment of 10 percent. The new provision is applicable for both the minimum and maximum interest rates.</span></span></span></p>
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<span style="font-family:"Arial Unicode MS","sans-serif"">The central bank said that the directive issued on October 20 was further revised and made systematic in regard to the interest rate. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Prior to this, the BFIs were allowed to change the interest rate by a maximum of 10 per cent on the basis of the interest rate of the particular bank released in the previous month. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">As per the recent update, the BFIs can increase or decrease the interest rate by a maximum of 10 per cent in average (except for call deposit) by calculating the average and minimum interest rate of the entire category of the bank released in the previous month. </span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">As per the new provision, Class A banks must fix the interest rate on the basis of the average interest rate of other Class A banks. </span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">For instance, if the average interest rate of 'A' category banks in the previous month was 9 percent, they can charge a maximum interest rate of 9.9 percent with an increment of 10 percent. The new provision is applicable for both the minimum and maximum interest rates.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">If the spread rate is more than the given cap, the other rates should be adjusted by making a basis either to the maximum and minimum interest rate. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the NRB has scrapped the provision for BFIs to increase interest rate up to 0.5 percentage points for the deposits except for call deposit and institutional fixed deposit. </span></span></span><br />
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'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 15: Nepal Rastra Bank (NRB) has issued a fresh directive to the bank and financial institutions (BFIs) by amending the Integrated Directive, 2077 BS to address the liquidity crunch faced by the financial institutions. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The central bank said that the directive issued on October 20 was further revised and made systematic in regard to the interest rate. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Prior to this, the BFIs were allowed to change the interest rate by a maximum of 10 per cent on the basis of the interest rate of the particular bank released in the previous month. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">As per the recent update, the BFIs can increase or decrease the interest rate by a maximum of 10 per cent in average (except for call deposit) by calculating the average and minimum interest rate of the entire category of the bank released in the previous month. </span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">As per the new provision, Class A banks must fix the interest rate on the basis of the average interest rate of other Class A banks. </span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">For instance, if the average interest rate of 'A' category banks in the previous month was 9 percent, they can charge a maximum interest rate of 9.9 percent with an increment of 10 percent. The new provision is applicable for both the minimum and maximum interest rates.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">If the spread rate is more than the given cap, the other rates should be adjusted by making a basis either to the maximum and minimum interest rate. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the NRB has scrapped the provision for BFIs to increase interest rate up to 0.5 percentage points for the deposits except for call deposit and institutional fixed deposit. </span></span></span><br />
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<span style="font-family:"Arial Unicode MS","sans-serif"">The central bank said that the directive issued on October 20 was further revised and made systematic in regard to the interest rate. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Prior to this, the BFIs were allowed to change the interest rate by a maximum of 10 per cent on the basis of the interest rate of the particular bank released in the previous month. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">As per the recent update, the BFIs can increase or decrease the interest rate by a maximum of 10 per cent in average (except for call deposit) by calculating the average and minimum interest rate of the entire category of the bank released in the previous month. </span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">As per the new provision, Class A banks must fix the interest rate on the basis of the average interest rate of other Class A banks. </span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">For instance, if the average interest rate of 'A' category banks in the previous month was 9 percent, they can charge a maximum interest rate of 9.9 percent with an increment of 10 percent. The new provision is applicable for both the minimum and maximum interest rates.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">If the spread rate is more than the given cap, the other rates should be adjusted by making a basis either to the maximum and minimum interest rate. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the NRB has scrapped the provision for BFIs to increase interest rate up to 0.5 percentage points for the deposits except for call deposit and institutional fixed deposit. </span></span></span><br />
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November 15: Nepal Rastra Bank (NRB) has issued a fresh directive to the bank and financial institutions (BFIs) by amending the Integrated Directive, 2077 BS to address the liquidity crunch faced by the financial institutions. The central bank said that the directive issued on October 20 was further revised and made systematic in regard to the interest rate. Prior to this, the BFIs were allowed to change the interest rate by a maximum of 10 per cent on the basis of the interest rate of the particular bank released in the previous month. As per the recent update, the BFIs can increase or decrease the interest rate by a maximum of 10 per cent in average (except for call deposit) by calculating the average and minimum interest rate of the entire category of the bank released in the previous month.
As per the new provision, Class A banks must fix the interest rate on the basis of the average interest rate of other Class A banks.
For instance, if the average interest rate of 'A' category banks in the previous month was 9 percent, they can charge a maximum interest rate of 9.9 percent with an increment of 10 percent. The new provision is applicable for both the minimum and maximum interest rates.
If the spread rate is more than the given cap, the other rates should be adjusted by making a basis either to the maximum and minimum interest rate. Likewise, the NRB has scrapped the provision for BFIs to increase interest rate up to 0.5 percentage points for the deposits except for call deposit and institutional fixed deposit.
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<span style="font-family:"Arial Unicode MS","sans-serif"">The central bank said that the directive issued on October 20 was further revised and made systematic in regard to the interest rate. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Prior to this, the BFIs were allowed to change the interest rate by a maximum of 10 per cent on the basis of the interest rate of the particular bank released in the previous month. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">As per the recent update, the BFIs can increase or decrease the interest rate by a maximum of 10 per cent in average (except for call deposit) by calculating the average and minimum interest rate of the entire category of the bank released in the previous month. </span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">As per the new provision, Class A banks must fix the interest rate on the basis of the average interest rate of other Class A banks. </span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">For instance, if the average interest rate of 'A' category banks in the previous month was 9 percent, they can charge a maximum interest rate of 9.9 percent with an increment of 10 percent. The new provision is applicable for both the minimum and maximum interest rates.</span></span></span></p>
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<span style="font-family:"Arial Unicode MS","sans-serif"">The central bank said that the directive issued on October 20 was further revised and made systematic in regard to the interest rate. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Prior to this, the BFIs were allowed to change the interest rate by a maximum of 10 per cent on the basis of the interest rate of the particular bank released in the previous month. </span><br />
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">As per the new provision, Class A banks must fix the interest rate on the basis of the average interest rate of other Class A banks. </span></span></span></p>
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include - APP/View/Elements/side_bar.ctp, line 60
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 60]
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<span style="font-family:"Arial Unicode MS","sans-serif"">The central bank said that the directive issued on October 20 was further revised and made systematic in regard to the interest rate. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Prior to this, the BFIs were allowed to change the interest rate by a maximum of 10 per cent on the basis of the interest rate of the particular bank released in the previous month. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">As per the recent update, the BFIs can increase or decrease the interest rate by a maximum of 10 per cent in average (except for call deposit) by calculating the average and minimum interest rate of the entire category of the bank released in the previous month. </span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">As per the new provision, Class A banks must fix the interest rate on the basis of the average interest rate of other Class A banks. </span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">For instance, if the average interest rate of 'A' category banks in the previous month was 9 percent, they can charge a maximum interest rate of 9.9 percent with an increment of 10 percent. The new provision is applicable for both the minimum and maximum interest rates.</span></span></span></p>
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<span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the NRB has scrapped the provision for BFIs to increase interest rate up to 0.5 percentage points for the deposits except for call deposit and institutional fixed deposit. </span></span></span><br />
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<span style="font-family:"Arial Unicode MS","sans-serif"">The central bank said that the directive issued on October 20 was further revised and made systematic in regard to the interest rate. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Prior to this, the BFIs were allowed to change the interest rate by a maximum of 10 per cent on the basis of the interest rate of the particular bank released in the previous month. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">As per the recent update, the BFIs can increase or decrease the interest rate by a maximum of 10 per cent in average (except for call deposit) by calculating the average and minimum interest rate of the entire category of the bank released in the previous month. </span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">As per the new provision, Class A banks must fix the interest rate on the basis of the average interest rate of other Class A banks. </span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">For instance, if the average interest rate of 'A' category banks in the previous month was 9 percent, they can charge a maximum interest rate of 9.9 percent with an increment of 10 percent. The new provision is applicable for both the minimum and maximum interest rates.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">If the spread rate is more than the given cap, the other rates should be adjusted by making a basis either to the maximum and minimum interest rate. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the NRB has scrapped the provision for BFIs to increase interest rate up to 0.5 percentage points for the deposits except for call deposit and institutional fixed deposit. </span></span></span><br />
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simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 60
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
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<span style="font-family:"Arial Unicode MS","sans-serif"">The central bank said that the directive issued on October 20 was further revised and made systematic in regard to the interest rate. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Prior to this, the BFIs were allowed to change the interest rate by a maximum of 10 per cent on the basis of the interest rate of the particular bank released in the previous month. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">As per the recent update, the BFIs can increase or decrease the interest rate by a maximum of 10 per cent in average (except for call deposit) by calculating the average and minimum interest rate of the entire category of the bank released in the previous month. </span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">As per the new provision, Class A banks must fix the interest rate on the basis of the average interest rate of other Class A banks. </span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">For instance, if the average interest rate of 'A' category banks in the previous month was 9 percent, they can charge a maximum interest rate of 9.9 percent with an increment of 10 percent. The new provision is applicable for both the minimum and maximum interest rates.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">If the spread rate is more than the given cap, the other rates should be adjusted by making a basis either to the maximum and minimum interest rate. </span><br />
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<span style="font-family:"Arial Unicode MS","sans-serif"">The central bank said that the directive issued on October 20 was further revised and made systematic in regard to the interest rate. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Prior to this, the BFIs were allowed to change the interest rate by a maximum of 10 per cent on the basis of the interest rate of the particular bank released in the previous month. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">As per the recent update, the BFIs can increase or decrease the interest rate by a maximum of 10 per cent in average (except for call deposit) by calculating the average and minimum interest rate of the entire category of the bank released in the previous month. </span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">As per the new provision, Class A banks must fix the interest rate on the basis of the average interest rate of other Class A banks. </span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">For instance, if the average interest rate of 'A' category banks in the previous month was 9 percent, they can charge a maximum interest rate of 9.9 percent with an increment of 10 percent. The new provision is applicable for both the minimum and maximum interest rates.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">If the spread rate is more than the given cap, the other rates should be adjusted by making a basis either to the maximum and minimum interest rate. </span><br />
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include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
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Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 133]
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<span style="font-family:"Arial Unicode MS","sans-serif"">The central bank said that the directive issued on October 20 was further revised and made systematic in regard to the interest rate. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Prior to this, the BFIs were allowed to change the interest rate by a maximum of 10 per cent on the basis of the interest rate of the particular bank released in the previous month. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">As per the recent update, the BFIs can increase or decrease the interest rate by a maximum of 10 per cent in average (except for call deposit) by calculating the average and minimum interest rate of the entire category of the bank released in the previous month. </span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">As per the new provision, Class A banks must fix the interest rate on the basis of the average interest rate of other Class A banks. </span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">For instance, if the average interest rate of 'A' category banks in the previous month was 9 percent, they can charge a maximum interest rate of 9.9 percent with an increment of 10 percent. The new provision is applicable for both the minimum and maximum interest rates.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">If the spread rate is more than the given cap, the other rates should be adjusted by making a basis either to the maximum and minimum interest rate. </span><br />
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'title' => 'Central Bank Issues New Directive on Interest Rate ',
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'summary' => 'November 15: Nepal Rastra Bank (NRB) has issued a fresh directive to the bank and financial institutions (BFIs) by amending the Integrated Directive, 2077 BS to address the liquidity crunch faced by the financial institutions. ',
'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 15: Nepal Rastra Bank (NRB) has issued a fresh directive to the bank and financial institutions (BFIs) by amending the Integrated Directive, 2077 BS to address the liquidity crunch faced by the financial institutions. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The central bank said that the directive issued on October 20 was further revised and made systematic in regard to the interest rate. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Prior to this, the BFIs were allowed to change the interest rate by a maximum of 10 per cent on the basis of the interest rate of the particular bank released in the previous month. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">As per the recent update, the BFIs can increase or decrease the interest rate by a maximum of 10 per cent in average (except for call deposit) by calculating the average and minimum interest rate of the entire category of the bank released in the previous month. </span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">As per the new provision, Class A banks must fix the interest rate on the basis of the average interest rate of other Class A banks. </span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">For instance, if the average interest rate of 'A' category banks in the previous month was 9 percent, they can charge a maximum interest rate of 9.9 percent with an increment of 10 percent. The new provision is applicable for both the minimum and maximum interest rates.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">If the spread rate is more than the given cap, the other rates should be adjusted by making a basis either to the maximum and minimum interest rate. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the NRB has scrapped the provision for BFIs to increase interest rate up to 0.5 percentage points for the deposits except for call deposit and institutional fixed deposit. </span></span></span><br />
</p>
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simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
